Zacks: Analysts expect Texas Capital Bancshares, Inc. (NASDAQ:TCBI) to post earnings of $0.74 per share

Equity research analysts expect Texas Capital Bancshares, Inc. (NASDAQ:TCBI – Get Rating) to report earnings per share of $0.74 for the current fiscal quarter, according to Zacks. Seven analysts provided earnings estimates for Texas Capital Bancshares. The lowest EPS estimate is $0.63 and the highest is $0.87. Texas Capital Bancshares reported earnings of $1.31 per share in the same quarter last year, indicating a negative 43.5% year-over-year growth rate. The company is expected to release its next quarterly earnings report on Monday, January 1.

According to Zacks, analysts expect Texas Capital Bancshares to report annual earnings of $3.23 per share for the current fiscal year, with EPS estimates ranging from $2.80 to $3.66. For next year, analysts expect the company to report earnings of $4.47 per share, with EPS estimates ranging from $3.65 to $5.90. Zacks Investment Research’s earnings per share averages are an average average based on a survey of sell-side research firms that provide coverage for Texas Capital Bancshares.

Texas Capital Bancshares (NASDAQ:TCBI – Get Rating) last released quarterly earnings data on Wednesday, April 20. The bank reported EPS of $0.69 for the quarter, missing the consensus estimate of $0.73 per ($0.04). The company posted revenue of $203.83 million in the quarter, compared to $213.06 million expected by analysts. Texas Capital Bancshares had a net margin of 22.71% and a return on equity of 7.80%. The company’s revenue for the quarter decreased 14.8% compared to the same quarter last year. During the same period a year earlier, the company posted EPS of $1.33.

Several brokerages have weighed in on TCBI recently. Zacks Investment Research moved shares of Texas Capital Bancshares from a “hold” rating to a “buy” rating and set a target price of $58.00 for the company in a Wednesday, April 13 research note. StockNews.com upgraded Texas Capital Bancshares from a “hold” rating to a “sell” rating in a Thursday, April 14 research note. Finally, TheStreet downgraded Texas Capital Bancshares from a “b-” rating to a “c+” rating in a Thursday, April 21 research report. An equity research analyst rated the stock with a sell rating, four gave the company a hold rating and four gave the company a buy rating. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $68.30.

Shares of NASDAQ TCBI traded at $1.62 during Friday trading, hitting $56.49. 419,180 shares of the company were traded, against an average volume of 484,898. Texas Capital Bancshares has a 1-year low of $50.09 and a 1-year high of $71.60. The company has a debt ratio of 0.33, a current ratio of 1.02 and a quick ratio of 1.02. The company’s fifty-day moving average price is $55.18 and its 200-day moving average price is $59.90. The company has a market capitalization of $2.87 billion, a price/earnings ratio of 14.30, a PEG ratio of 2.19 and a beta of 1.60.

In other Texas Capital Bancshares news, Director Robert W. Stallings acquired 2,000 shares of Texas Capital Bancshares in a transaction that took place on Thursday, May 12. The shares were purchased at an average cost of $50.25 per share, with a total value of $100,500.00. Following the purchase, the administrator now owns 46,810 shares of the company, valued at $2,352,202.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Additionally, director Robert W. Stallings acquired 8,000 shares of Texas Capital Bancshares in a transaction that took place on Monday, April 25. The shares were acquired at an average cost of $52.65 per share, with a total value of $421,200.00. Following the completion of the purchase, the administrator now owns 44,810 shares of the company, valued at approximately $2,359,246.50. Disclosure of this purchase can be found here. Insiders purchased a total of 18,700 shares of the company worth $975,525 during the last quarter. 0.56% of the shares are currently held by company insiders.

A number of institutional investors and hedge funds have recently increased or reduced their stakes in the company. The Public Employees Retirement System of Ohio increased its holdings of Texas Capital Bancshares shares by 9.1% during the fourth quarter. The Ohio Public Employees Retirement System now owns 1,867 shares of the bank worth $112,000 after buying 156 more shares last quarter. Amalgamated Bank increased its holdings of Texas Capital Bancshares shares by 0.5% during the fourth quarter. Amalgamated Bank now owns 34,604 shares of the bank worth $2,085,000 after purchasing an additional 164 shares in the last quarter. Profund Advisors LLC increased its stake in Texas Capital Bancshares by 5.2% in the fourth quarter. Profund Advisors LLC now owns 3,934 shares of the bank valued at $237,000 after buying 196 additional shares in the last quarter. State of Michigan Retirement System increased its stake in Texas Capital Bancshares by 1.6% in the fourth quarter. State of Michigan Retirement System now owns 12,861 shares of the bank valued at $775,000 after buying 200 more shares last quarter. Finally, Dark Forest Capital Management LP increased its stake in Texas Capital Bancshares by 17.4% in the third quarter. Dark Forest Capital Management LP now owns 1,394 shares of the bank valued at $84,000 after buying 207 additional shares last quarter. 97.77% of the shares are currently held by hedge funds and other institutional investors.

Texas Capital Bancshares Company Profile (Get an assessment)

Texas Capital Bancshares, Inc. operates as a bank holding company for Texas Capital Bank, is a full-service financial services company that provides customized solutions to businesses, entrepreneurs and individuals. The Company offers commercial banking, retail banking, investment banking and wealth management.

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